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Boston Properties declares quarterly dividend

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Boston Properties, the real estate investment trust which in 2008 spent a record $2.8 on the GM Building and three other Midtown Manhattan properties from Harry Macklowe’s distressed portfolio, brought good news to its shareholders yesterday. The company’s Board of Directors has declared a regular quarterly cash dividend of $0.50 per share of common stock, the company announced. Boston Properties chairman and CEO Mort Zuckerman recently told CNBC that commercial real estate is doing “reasonably well” in major cities, though minor cities were struggling. TRD

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Boston PropertiesMort Zuckerman